Corient Private Wealth LLC Grows Position in AGNC Investment Corp. $AGNC

Corient Private Wealth LLC increased its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 275.2% in the fourth quarter, Holdings Channel reports. The fund owned 135,360 shares of the real estate investment trust’s stock after purchasing an additional 99,284 shares during the quarter. Corient Private Wealth LLC’s holdings in AGNC Investment were worth $1,451,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of AGNC Investment by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 97,745,127 shares of the real estate investment trust’s stock valued at $1,047,828,000 after purchasing an additional 1,304,782 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of AGNC Investment by 5.8% during the fourth quarter. Geode Capital Management LLC now owns 29,097,741 shares of the real estate investment trust’s stock valued at $312,275,000 after purchasing an additional 1,596,244 shares in the last quarter. State Street Corp boosted its stake in shares of AGNC Investment by 6.4% during the fourth quarter. State Street Corp now owns 18,245,939 shares of the real estate investment trust’s stock valued at $197,774,000 after purchasing an additional 1,090,374 shares in the last quarter. Norges Bank bought a new position in shares of AGNC Investment during the fourth quarter valued at approximately $141,830,000. Finally, Morgan Stanley increased its holdings in AGNC Investment by 24.3% during the fourth quarter. Morgan Stanley now owns 7,491,585 shares of the real estate investment trust’s stock valued at $80,310,000 after buying an additional 1,462,468 shares during the period. 38.28% of the stock is currently owned by institutional investors.

AGNC Investment Stock Down 0.9%

Shares of AGNC opened at $10.90 on Wednesday. The company has a market cap of $12.51 billion, a price-to-earnings ratio of 9.01 and a beta of 1.32. AGNC Investment Corp. has a twelve month low of $9.11 and a twelve month high of $12.19. The company has a 50 day moving average of $10.54 and a two-hundred day moving average of $10.78.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, April 20th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.06. The business had revenue of ($114.00) million for the quarter, compared to analyst estimates of $411.57 million. AGNC Investment had a net margin of 39.50% and a return on equity of 18.31%. On average, sell-side analysts expect that AGNC Investment Corp. will post 1.56 EPS for the current year.

AGNC Investment Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be given a dividend of $0.12 per share. This represents a c) annualized dividend and a yield of 13.2%. The ex-dividend date of this dividend is Tuesday, June 30th. AGNC Investment’s dividend payout ratio is currently 119.01%.

Insider Activity

In other AGNC Investment news, CEO Peter J. Federico sold 64,412 shares of the stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $11.08, for a total value of $713,684.96. Following the completion of the sale, the chief executive officer directly owned 1,927,083 shares in the company, valued at approximately $21,352,079.64. This trade represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Donna Blank sold 22,000 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $10.78, for a total value of $237,160.00. Following the completion of the sale, the director directly owned 96,471 shares of the company’s stock, valued at approximately $1,039,957.38. This represents a 18.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 215,234 shares of company stock worth $2,364,022 over the last ninety days. 0.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on AGNC. Royal Bank Of Canada reissued an “outperform” rating and issued a $12.00 price objective on shares of AGNC Investment in a research note on Friday, April 24th. UBS Group lifted their price target on AGNC Investment from $10.50 to $11.00 and gave the company a “neutral” rating in a report on Friday, April 24th. JPMorgan Chase & Co. reduced their price target on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Weiss Ratings restated a “hold (c)” rating on shares of AGNC Investment in a research note on Wednesday, June 24th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of AGNC Investment in a research report on Thursday, June 4th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $11.06.

AGNC Investment Company Profile

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.